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> Additionally, if an L2 goes down there are escape hatches that allow users to pull money out onto L1. The same cannot be said for Venmo or Square Aren't venm
by km3r 4y ago
> Additionally, if an L2 goes down there are escape hatches that allow users to pull money out onto L1. The same cannot be said for Venmo or Square
Aren't venmo and cashapp FDIC insured?
- serverholic 4y agoThey are but I’m saying that if their servers go down it might be some time before you get your money back. You can use an L2 escape hatch at any time. The L2 doesn’t need to be online or functioning.